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No va va voom for Eurosports Global as FY17 losses widen

PC Lee
PC Lee5/24/2017 10:10 PM GMT+08  • 1 min read
No va va voom for Eurosports Global as FY17 losses widen
SINGAPORE (May 24): Eurosports Global, the purveyor of supercars and luxury watches, reported FY17 losses widened to nearly $8 million from $4.5 million a year ago in FY16.
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SINGAPORE (May 24): Eurosports Global, the purveyor of supercars and luxury watches, reported FY17 losses widened to nearly $8 million from $4.5 million a year ago in FY16.

Full-year revenue fell 17.5% to $52.4 million due to lower sales of supercars and watches.

Sales of supercars decreased by 22% to $44.39 million mainly due to weak market conditions. Twenty-four new Lamborghinis were sold in FY17 compared to 31 in FY16.

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